The JSW Cement IPO, valued at ₹3,600 crore, opens for public subscription on August 7, 2025, and closes on August 11, 2025. This marks a trimmed offering size from the initially proposed ₹4,000 crore plan.
Key IPO Facts & Timeline
📅 Dates & Size
- Opening Date: August 7, 2025
- Closing Date: August 11, 2025
- The IPO size has been revised from ₹4,000 crore to ₹3,600 crore as per the final Red Herring Prospectus.
Offer Breakdown
- Fresh Issue: ₹1,600 crore
- Offer for Sale (OFS): ₹2,000 crore from existing investors including Apollo Global, Synergy Metals, and SBI
Allocation & Pricing
- Anchor investors allocation: Opens August 6, 2025.
- Shares will list on BSE and NSE tentatively on August 14, 2025; allotment expected by August 12.
- Price band: Yet to be announced by company (expected soon).
Use of Proceeds
Net proceeds are earmarked for:
- ₹800 crore for setting up a new integrated cement plant at Nagaur, Rajasthan
- ₹520 crore for repayment or prepayment of debt
- Remaining funds for general corporate purposes
Company Overview & Industry Context
About JSW Cement
Part of the Sajjan Jindal‑led JSW Group, JSW Cement operates seven plants across India with a grinding capacity of 20.60 MMTPA and clinker capacity of 6.44 MMTPA as of March 2025. Expansion plans target a jump to 41.85 MMTPA and clinker capacity of 13.04 MMTPA through ongoing greenfield and brownfield projects.
Product Focus
Known for its eco‑friendly offerings, JSW Cement holds an 84% share of India’s GGBS (ground granulated blast-furnace slag) market – a green alternative to traditional cement.
Financial Snapshot
In FY25, JSW Cement reported revenue of ₹5,813.1 crore, down marginally from ₹6,028.1 crore in FY24. It incurred a net loss of ₹163.8 crore in FY25, compared to profits in previous years. Borrowings stood at ₹6,166.6 crore as of March 31, 2025.The Economic Times
Competitive Landscape
JSW Cement competes with industry giants like UltraTech Cement, Shree Cement, Ambuja Cements, Dalmia Bharat, and JK Cement. Its focus on low-carbon cement positions it well amid rising demand for sustainable construction materials.
Why the IPO Matters
- Strategic expansion: Fund raise supports JSW Cement’s aggressive growth into higher capacity and new states—especially Rajasthan.
- Financial cleanup: A significant portion will go toward debt reduction, improving balance-sheet metrics.
- Investor confidence: Leading institutional players backing the OFS portion lends credibility.
- Sustainability edge: The company’s leadership in GGBS positions it strongly in markets focused on green cement.
Quick Snapshot
| Item | Details |
|---|---|
| IPO Size | ₹3,600 crore (₹1,600 Cr fresh issue + ₹2,000 Cr OFS) |
| Subscription Window | August 7–11, 2025 |
| Price Band | Not yet announced |
| Listing Expected | August 14, 2025 (NSE & BSE) |
| Capacity Expansion | From 20.60 MMTPA to 41.85 MMTPA planned |
| Use of Proceeds | Nagaur plant, debt repayment, corporate expenses |
Background Context
JSW Cement initially filed its IPO draft in August 2024, but SEBI delayed approval until January 6, 2025. The revised size reflects investor feedback and market calibration.
